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Committee begins process to consider tax-increment district for "Peak at the Parkway" project
Summary
The committee heard a proposal to begin the formal process for one or more project plans and possible tax increment districts under the Local Development Act for a new development staff identified as "Peak At The Parkway."
Assistant City Attorney Audra Blank presented a resolution to "declare the intent to consider approval of 1 or more project plans and creation of tax increment districts under the Local Development Act," and to appoint a review committee and direct it to make eligibility and financial-impact findings.
Blank said the proposed district is notable because it sits in Osage County while remaining inside Tulsa city limits and would therefore require a review committee reflecting the county's taxing entities: "We have Osage County, Osage County health department and then, TPS and the, Tulsa Technology Center are the taxing entities." She said the project area is east of the L.L. Tisdale Parkway, north of Seminole Street and south of West Apache Street and that staff had given the project the working name "the Peak At The Park At The Parkway."
Committee members pressed for clarity about which project the resolution references; the transcript shows repeated council questions asking "which project does this reference?" and staff replying that it is a new project with the working name provided. The discussion in the transcript focuses on process, review-committee membership and geography; the excerpt does not include a formal vote or final action on the resolution.
